Examples of Asbestos action in a sentence
Schedule 3.15(g) identifies, (i) to the Sellers’ Knowledge, each Asbestos Action against any GMS Entity (each, a “GMS Asbestos Action”) and, with respect to each such GMS Asbestos Action, to the Sellers’ Knowledge, (A) the last name of any plaintiffs, (B) their alleged exposure dates, (C) the plaintiffs’ prior types of employment, and (D) their alleged medical condition, and (ii) for each pending GMS Asbestos Action, the jurisdiction in which it is pending.
Schedule 3.15(g) also identifies whether the GMS Asbestos Action was dismissed or settled and, if settled, the amounts paid by the Company, any amounts paid by any third parties on the Company’s behalf and the identities of any such third parties.
Settlement and disposition of any of the Asbestos Actions may be made with the consent of Eastco and the Lead Carrier and such settlement shall be binding upon all parties hereto providing that no Asbestos Action, regardless of the number of plaintiffs, shall be settled in excess of $100,000 per Asbestos Action or $50,000 per plaintiff, whichever is greater, without the consent of Eastco, the Lead Carrier and two other Insurance Companies.
No such insurer has denied coverage with respect to any claim submitted to it by a GMS Entity with respect to a GMS Asbestos Action.